The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception. While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder as they focus on how best to position their SMSF in 2020-21 financial year. If there is anything in this blog that you are unsure about, we encourage you to contact me to discuss your specific circumstances in more detail.

The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception. While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder as they focus on how best to position their SMSF in 2020-21 financial year. If there is anything in this blog that you are unsure about, we encourage you to contact me to discuss your specific circumstances in more detail.

The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception. While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder as they focus on how best to position their SMSF in 2020-21 financial year. If there is anything in this blog that you are unsure about, we encourage you to contact me to discuss your specific circumstances in more detail.

The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception. While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder as they focus on how best to position their SMSF in 2020-21 financial year. If there is anything in this blog that you are unsure about, we encourage you to contact me to discuss your specific circumstances in more detail.

With tough times facing individuals, such as bank foreclosures and retrenchments, the rising cost of living pressures and mortgage defaulting, some people might get caught up in illegal schemes to take their money out of super. Promoters of illegal schemes single out people in financial strife, retrenched workers and some ethnic communities. They may claim you can withdraw your super or use a ‘self-managed fund’ to pay off debts, make a deposit on a home, or buy a car or holiday.

The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception. While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder as they focus on how best to position their SMSF in 2020-21 financial year. If there is anything in this blog that you are unsure about, we encourage you to contact me to discuss your specific circumstances in more detail.

On 11 May 2021, as part of the 2021–22 federal Budget, the Australian Government announced it would change the superannuation contribution rules for individuals between 67 to 74 years old. This repealing of the work test for voluntary super contributions occurred last month (July 1, 2022).

On 11 May 2021, as part of the 2021–22 federal Budget, the Australian Government announced it would change the superannuation contribution rules for individuals between 67 to 74 years old. This repealing of the work test for voluntary super contributions occurred last month (July 1, 2022).

In June 2022, a milestone policy was included in the NSW Government Budget to offer first home buyers the choice to pay a one-off lump sum tax (‘stamp duty’) or an annual land tax when purchasing homes under a certain value.

There has been a lot of economic information prevailing in the headlines over the last few months. The lowest unemployment rates in decades are currently in sight, each of the Reserve Bank of Australia’s (RBA) monthly meetings seems to be increasing the interest rates, and inflation is predicted to continue to rise. This is in conjunction with reports that wage growth is not keeping pace with rising prices across industries. With continued reports of ‘times being tougher’, Australians are continuing to spend more money (leading to further inflationary pressure).